Add Listing
Property Lookup
    Property Lookup
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    10647 Melody Dr Denver, CO 80234
    Back to Search
    The Largest CRE Database in the US with Over 1 Million Listings
    Property profile & analytics

    10647 Melody Dr Denver, CO 80234

    View on Map
    • Retail space
    • 9,000 SF
    • 0.84 lot acres
    Off-Market
    Property ID
    US13-0326874
    The Realmo ID is a unique identifier assigned to every property, incorporating country codes and precise geo-coordinates for 300x300-foot land blocks. It enables standardized data collection and seamless integration of disparate sources such as ownership, tax, title data and physical specifications. By aggregating current and historical records, the Realmo ID powers advanced analytics and delivers deep, verifiable insights for real estate professionals.
    Value Estimations
    $1,775,000
    Show details
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • Retail space

    Property Details for 10647 Melody Dr

    Year built
    1972
    Lot size
    0.84 lot acres
    Property size
    9,000 SF
    Property type
    Retail space
    APN
    R0037161
    APU
    R0037161

    Value Estimations

    based on Realmo’s proprietary methodology

    • CAP approach

      CAP Return
      Estimation
      6%
      $2,055,000
      6.5%
      $1,895,000
      7%
      $1,760,000

    • Alternative Use

      Use
      Estimation
      RETAIL STORES
      $2,895,000
      Current use
      NEIGHBORHOOD: SHOPPING CENTER
      $2,920,000
      Change: +1% Conversion: Moderate
      COMMERCIAL (GENERAL)
      $2,915,000
      Change: +1% Conversion: Easy
      APARTMENT HOUSE (5+ UNITS)
      $2,800,000
      Change: -3% Conversion: Difficult
      MEDICAL BUILDING
      $2,735,000
      Change: -6% Conversion: Difficult

    Get a detailed, property-specific estimation — fast and free

    Location Insight

    • Map
    • Local Demand
    City
    Denver
    County
    Adams
    State
    Colorado
    Longitude
    -104.994
    Latitude
    39.8895
    CBSA code
    19740
    CBSA name
    DENVER-AURORA, CO METROPOLITAN STATISTICAL AREA

    Property Tax & Assessments

    Tax date
    Tax Amount
    Assessed Land Value
    Assessed Improvement Value
    Total Assessed Value
    Applied Tax Rate
    Land Market Value
    Improvement Market Value
    Total Market Value
    2023
    $38,424
    $76,590
    $583,950
    $660,540
    -
    $274,500
    $815,900
    $1,090,400

    Comparable in this City

    • Value Estimation by Request
      10,104 SF

      11160 Huron St

      Individual retail properties • 10,104 SF
      11160 Huron St, Northglenn, CO 80234
      View Details
    • Value Estimation
      $2,380,000
      6,164 SF

      2741 120th Ave

      RETAIL STORES (PERSONAL SERVICES) • 6,164 SF
      2741 120th Ave, Westminster, CO 80234-2801
      View Details
    • Value Estimation
      $2,730,000
      17,990 SF

      12002 Melody Dr

      RETAIL STORES (PERSONAL SERVICES) • 17,990 SF
      12002 Melody Dr, Westminster, CO 80234-4212
      View Details
    • Value Estimation
      $685,000
      6,145 SF

      2721 120th Ave

      RETAIL STORES (PERSONAL SERVICES) • 6,145 SF
      2721 120th Ave, Westminster, CO 80234-2945
      View Details
    • Value Estimation
      $3,540,000
      18,200 SF

      1001 120th Ave

      RETAIL STORES (PERSONAL SERVICES) • 18,200 SF
      1001 120th Ave, Westminster, CO 80234-2703
      View Details
    • Value Estimation
      $2,165,000
      11,066 SF

      1885 120th Ave

      RETAIL STORES (PERSONAL SERVICES) • 11,066 SF
      1885 120th Ave, Westminster, CO 80234-3279
      View Details

    Similar Nearby for Sale

    • $6,900,000

      Northglenn Retail Center For Sale

      Value-add retail center with high occupancy in Northglenn, Colorado.
      1400 W 104Th Ave, Northglenn, CO 80234
      View Details
    • Contact for pricing

      Commercial Pad Site Near I-25

      Premier commercial development opportunity with high visibility and accessibility near I-25.
      13507 Huron St, Denver, CO 80234
      View Details
    • Contact for pricing
      1,343 SF

      Office Space with Window Offices

      Office unit featuring window offices and reception area.
      11152 Huron St, Denver, CO 80234
      View Details
    • Contact for pricing
      1,405 SF

      Commercial Condo Office For Sale

      Well-maintained 1,405 SF commercial condo office with excellent natural light.
      11150 Huron St, Northglenn, CO 80234
      View Details
    • $289,000
      840 SF

      Updated Penthouse Condo with Garage

      Updated 2-bedroom penthouse condo with mountain views and garage.
      11195 Alcott St, Westminster, CO 80234
      View Details
    • $235,000
      1,298 SF

      Northglenn Office Condo For Sale

      1,298 SF office condo in Northglenn, Colorado.
      11154 Huron St, Northglenn, CO 80234
      View Details

    Similar Nearby for Lease

    • Contact for pricing
      1,800 SF

      Prime Retail Space Available

      High-profile retail space with ample parking and easy access.
      2741 W 120Th Ave, Denver, CO 80234
      View Details
    • Contact for pricing

      Retail Suites at Busy Intersection

      Two in-line retail suites available for lease.
      12910 Zuni St, Westminster, CO 80234
      View Details
    • Contact for pricing

      High-Traffic Retail Space Available

      Retail space with high visibility and ample parking.
      12860 Zuni St, Denver, CO 80234
      View Details
    • Contact for pricing

      Retail Suites Available for Lease

      Two in-line retail suites available, can be combined.
      12910 Zuni St, Westminster, CO 80234
      View Details
    • Contact for pricing
      1,800 SF

      Retail Space in Westminster, Colorado

      Retail space available for lease in Westminster, Colorado.
      2741 W 120Th Ave, Westminster, CO 80234
      View Details
    • Contact for pricing

      Retail Shops in Westminster

      Retail shops for lease, ideal for various businesses.
      1855 West 120Th Ave, Westminster, CO 80234
      View Details

    Property Visit Statistics

    • Visits by month
      1.8k
    • Visitors by month
      1.5k
    • Avg Time on site
      49 min
    Request Owner's contact information
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    10647 Melody Dr
    Denver, CO 80234
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    Realmo Value Estimations

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.
    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.
    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Thank You

    You are Unsubscribed From Notifications

    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!